Financial Performance - The company's operating revenue for 2021 was CNY 627,024,706.76, representing a 47.55% increase compared to CNY 424,947,691.44 in 2020[23]. - The net profit attributable to shareholders for 2021 was CNY 52,534,954.26, which is a 14.06% increase from CNY 46,058,312.35 in the previous year[23]. - The net cash flow from operating activities for 2021 was CNY 44,831,232.32, up 8.65% from CNY 41,263,477.11 in 2020[23]. - The total assets at the end of 2021 reached CNY 1,213,248,062.03, a 39.23% increase from CNY 871,372,063.03 at the end of 2020[23]. - The net assets attributable to shareholders increased by 73.83% to CNY 722,674,434.26 at the end of 2021, compared to CNY 415,740,376.36 at the end of 2020[23]. - The basic earnings per share for 2021 was CNY 0.69, a decrease of 2.82% from CNY 0.71 in 2020[23]. - The weighted average return on equity for 2021 was 9.30%, down from 11.66% in 2020[23]. - The company achieved a revenue of ¥627,024,706.76, representing a year-on-year growth of 47.55%, and a net profit of ¥52,534,954.26, up 14.06%[82]. - The total assets of the company reached ¥1,213,248,062.03, an increase of 39.23% compared to the beginning of the period, while the net assets attributable to shareholders grew by 73.83% to ¥722,674,434.26[82]. - Main business revenue was ¥608,485,764.71, accounting for 97.04% of total revenue, with a growth of 45.92% from ¥417,010,311.70 in 2020[88]. Profit Distribution - The profit distribution plan approved by the board is to distribute a cash dividend of 2.00 CNY (including tax) for every 10 shares based on a total of 86,800,000 shares, with no bonus shares issued[5]. - The total cash dividend amount represents 100% of the total distributable profit of 214,822,583.25 CNY[199]. - The company aims to prioritize cash dividends in profit distribution, especially when there are no major investment plans[191]. - The board of directors must consider the company's profitability and funding needs when proposing profit distribution plans[196]. - The company has established clear and complete decision-making procedures for profit distribution[199]. - Independent directors have fulfilled their responsibilities and played a significant role in the decision-making process[199]. - The cash dividend policy aligns with the company's articles of association and relevant regulations[199]. - The company has not proposed any cash distribution plan if the conditions for cash dividends are not met[198]. - The company will deduct any cash dividends allocated to shareholders who have misappropriated company funds[198]. Research and Development - The company plans to enhance its R&D efforts in VR, AR, and MR technologies to meet the growing demand for innovative gaming experiences[43]. - The company aims to continuously innovate in management, technology, and business models to improve its design and research capabilities[52]. - The company is investing 800 million RMB in research and development for new technologies and products to enhance its competitive edge[164]. - The company's R&D investment in 2021 amounted to ¥17,249,523.07, representing 2.75% of total revenue, a slight decrease from 2.87% in 2020[104]. - R&D expenses rose by 41.22% to ¥17,249,523.07, indicating a steady increase in investment in research and development[100]. Market Trends and Opportunities - The gaming industry is expected to benefit from improved regulatory frameworks and rising consumer spending, leading to market expansion opportunities[42]. - The average disposable income of residents in China reached ¥35,128 in 2021, with a nominal growth of 9.1% year-on-year, which supports increased spending in the entertainment sector[36]. - The per capita consumption expenditure on education, culture, and entertainment was ¥2,599 in 2021, reflecting a growth of 27.9% compared to the previous year[36]. - The company has identified a trend towards experiential consumption in traditional commercial centers, which is expected to boost demand for gaming and amusement equipment[38]. - The company aims to leverage successful IPs to drive marketing strategies and enhance the appeal of its gaming equipment[44]. Governance and Compliance - The company emphasizes the importance of accurate financial reporting and has ensured the completeness and truthfulness of the annual report[4]. - The company has a governance structure that complies with the requirements of the Shenzhen Stock Exchange and the Corporate Governance Code[145]. - The company has maintained an independent operational capability, with no financial support or guarantees provided to the controlling shareholder[147]. - The company conducts annual tests for goodwill impairment, which may be influenced by macroeconomic and policy environments[140]. - The company has established a performance evaluation system linking the performance of directors, supervisors, and senior management directly to their compensation[153]. Risks and Challenges - The company faces risks from public health events, which have affected procurement cycles and operational performance due to the COVID-19 pandemic[136]. - Increased competition in the gaming equipment market may arise as competitors enter the mid-to-high-end market, potentially impacting the company's market position[137]. - The company's performance is closely tied to macroeconomic conditions, with potential risks from economic fluctuations affecting demand in the gaming industry[138]. - Changes in industry policies could adversely affect the company's performance if it fails to adapt to new regulations[139]. Employee and Operational Insights - The total number of employees at the end of the reporting period was 502, with 178 in the parent company and 324 in major subsidiaries[185]. - The company employs a diverse workforce, with 231 operational service personnel and 35 R&D personnel among the total[185]. - The company emphasizes competitive salaries and benefits, including various insurance and pension contributions for employees[186]. - The company has a structured training development system to enhance employee skills and cultural identity[188]. Strategic Partnerships and Collaborations - The company has formed strategic partnerships with major industry players such as Microsoft and SEGA, continuously launching popular gaming equipment series[67]. - The company has established a strong global resource channel, collaborating with well-known domestic and international brands to expand its market presence[72]. - The company has formed stable relationships with major commercial real estate companies, which aids in the operation of amusement parks and enhances customer engagement[57]. Future Outlook - Future outlook includes a projected revenue growth of 20% for 2022, driven by new product launches and market expansion strategies[163]. - The company plans to increase investment in new technology research, particularly in VR, AR, and 5G, to improve user experience and loyalty[133]. - The company aims to improve operational efficiency by 15% through the implementation of advanced manufacturing technologies[168].

Financial Performance - The company's revenue for Q3 2021 was ¥141,933,734.27, representing an increase of 8.68% compared to the same period last year[4]. - The net profit attributable to shareholders for Q3 2021 was ¥14,415,381.21, a decrease of 28.61% year-on-year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥9,341,575.72, down 51.93% from the previous year[4]. - Total operating revenue for the current period reached ¥391,661,901.07, a significant increase of 65.0% compared to ¥237,141,477.89 in the previous period[27]. - Net profit for the current period was ¥45,575,363.13, representing a 113.0% increase from ¥21,379,934.98 in the previous period[28]. - Basic and diluted earnings per share were both ¥0.6462, compared to ¥0.3300 in the previous period, reflecting a 96.0% increase[29]. - The company reported a total profit of ¥52,279,119.33, which is an increase of 179.8% from ¥18,711,536.67 in the previous period[28]. Assets and Liabilities - The total assets as of September 30, 2021, reached ¥1,159,197,876.19, an increase of 33.03% compared to the end of the previous year[5]. - The company's total equity attributable to shareholders increased by 73.12% to ¥719,710,135.59 compared to the end of the previous year[5]. - The company's current assets reached CNY 650,646,784.42, up from CNY 481,475,948.62 in the previous year, indicating a year-over-year increase of about 35.14%[23]. - The total liabilities decreased slightly to CNY 439,487,740.60 from CNY 455,631,686.67, showing a reduction of about 3.54%[24]. - Total liabilities rose to 540,920,212.55 CNY, an increase of 85,288,525.88 CNY from the previous year[39]. Cash Flow - The cash flow from operating activities for the year-to-date was -¥4,677,132.73, an improvement of 78.82% compared to the same period last year[14]. - Cash inflow from operating activities totaled ¥432,012,861.27, compared to ¥192,451,842.92 in the previous period, indicating a growth of 124.4%[31]. - The net cash flow from operating activities was -4,677,132.73 CNY, an improvement from -22,083,264.68 CNY in the previous year[33]. - The net increase in cash and cash equivalents was 74,002,363.41 CNY, contrasting with a decrease of -16,177,461.63 CNY in the previous year[34]. Research and Development - The company's R&D expenses increased by 76.23% year-on-year, totaling ¥9,632,884.83 for the first nine months of 2021[12]. - Research and development expenses for the current period were ¥9,632,884.83, an increase of 76.5% from ¥5,466,092.75 in the previous period[27]. Shareholder Information - The total number of shareholders holding unrestricted shares was detailed, with the top ten shareholders holding a combined total of 10,000,000 shares[19]. New Standards and Adjustments - The company implemented new leasing standards affecting the financial statements, requiring adjustments to the balance sheet[35]. - The implementation of the new leasing standard resulted in the recognition of right-of-use assets amounting to ¥76,281,160.40 as of January 1, 2021[40]. - Deferred tax assets increased from ¥18,092,504.49 to ¥20,338,768.47, reflecting an adjustment of ¥2,246,263.98[40]. - Non-current liabilities due within one year rose significantly from ¥25,896,295.96 to ¥51,704,685.16, an increase of ¥25,808,389.20[40]. - Lease liabilities were recognized at ¥59,480,136.68 as of January 1, 2021[40]. - Unappropriated profits decreased from ¥178,243,150.29 to ¥171,482,048.79, a reduction of ¥6,761,101.50[40]. Audit Status - The third quarter report was not audited, indicating potential implications for financial reliability[41].

Financial Performance - The company reported a revenue of 1.5 billion RMB for the first half of 2021, representing a year-on-year increase of 20%[15]. - The net profit attributable to shareholders reached 300 million RMB, up 15% compared to the same period last year[15]. - The company's operating revenue for the first half of 2021 was ¥249,728,166.80, representing a 134.38% increase compared to ¥106,548,356.87 in the same period last year[23]. - Net profit attributable to shareholders reached ¥31,159,981.92, a significant increase of 2,524.29% from ¥1,187,366.94 in the previous year[23]. - The net cash flow from operating activities improved to ¥25,325,410.55, a 169.52% increase from a negative cash flow of ¥36,431,474.50 in the prior year[23]. - The total operating revenue for the first half of 2021 reached CNY 249.73 million, a significant increase of 134.8% compared to CNY 106.55 million in the same period of 2020[162]. - The net profit for the first half of 2021 was CNY 31.16 million, compared to a net profit of CNY 1.19 million in the same period of 2020, reflecting a substantial growth[164]. - The total comprehensive income for the first half of 2021 was CNY 30.61 million, compared to CNY 1.79 million in the same period of 2020[165]. User Growth and Market Expansion - User data showed an increase in active users by 25%, reaching 2 million active users by the end of June 2021[15]. - The company has initiated a market expansion plan targeting Southeast Asia, aiming for a 10% market share by 2023[15]. - Future outlook indicates a projected revenue growth of 30% for the second half of 2021, driven by market expansion strategies[15]. - The company plans to accelerate the development of anime IP derivative products and enhance the speed of game equipment deployment in the second half of 2021[49]. - The company aims to expand its cooperative operation of gaming equipment and self-operated amusement park businesses to improve its industry chain structure[84]. Research and Development - The company plans to invest 200 million RMB in R&D for new product development in the next fiscal year[15]. - Research and development expenses increased by 56.84% to CNY 5.47 million, reflecting the company's commitment to innovation[57]. - The company is focusing on the integration of VR, AR, and MR technologies to enhance user experience and create new market demands in the gaming industry[46]. - The company has allocated RMB 5,540.6 million for R&D and information technology projects, with RMB 4,000 million already invested, representing 41.22% of the planned investment[74]. - The company is focused on enhancing its research and development capabilities for new products and technologies[131]. Strategic Partnerships and Mergers - The company is exploring potential mergers and acquisitions to enhance its market position and product offerings[15]. - The company has established strategic partnerships with global gaming enterprises, including Microsoft and SEGA, enhancing its IP channel advantages[54]. - The company has formed strong partnerships with major commercial real estate companies, enhancing its ability to analyze consumer preferences and optimize product offerings[39]. - The company is actively pursuing mergers and acquisitions to strengthen its market position and expand its product offerings[188]. Financial Position and Capital Management - Total assets at the end of the reporting period were ¥1,262,584,724.37, a 44.90% increase from ¥871,372,063.03 at the end of the previous year[23]. - The company reported a net cash inflow from financing activities of CNY 270.51 million, a 792.11% increase due to new share issuance[57]. - The total amount of raised funds reached RMB 308.14 million, with RMB 287.28 million received after deducting issuance costs of RMB 20.86 million[71]. - Cash and cash equivalents at the end of the reporting period amounted to RMB 301.83 million, representing 23.91% of total assets, a significant increase from 5.26% at the end of the previous year[61]. - The company reported a total fundraising amount of RMB 30,814.00 million, with a net amount of RMB 26,569.79 million after deducting issuance costs of RMB 4,244.21 million[75]. Risk Management - The company faces risks related to market competition and regulatory changes, with strategies in place to mitigate these risks[4]. - The company acknowledges risks related to macroeconomic fluctuations that could impact demand for its products in the gaming and amusement sector[83]. - The company faces risks from international trade protectionism and potential price fluctuations in imported materials due to trade tensions, particularly with the US[86]. - The company has established a strict management system for accounts receivable, which constitutes a significant portion of its current assets, to mitigate bad debt risks[88]. Corporate Governance and Compliance - The company is committed to protecting shareholder rights and enhancing corporate governance structures to ensure transparency and accountability[101]. - The company prioritizes employee rights and welfare, providing a good working environment and adhering to labor laws[102]. - The company emphasizes compliance with environmental regulations and has not faced any penalties related to environmental issues during the reporting period[100]. - The financial report was approved for publication on August 23, 2021, ensuring timely disclosure of financial performance[196]. Product Development and Innovation - The company focuses on the design, research and development, production, sales, and operation of gaming and amusement equipment, aiming to create a complete industrial chain[31]. - New product launches include the online and offline integrated game "Asphalt 9," which offers an immersive and interactive experience[34]. - The company has seen rapid growth in sales of anime IP derivative products, driven by the increasing acceptance of consumers and the introduction of popular IPs[35]. - The company has integrated new technologies such as AI, VR, AR, and big data into its product development, positioning itself as one of the few domestic companies with independent game equipment development capabilities[39]. - The company’s product design incorporates elements from popular culture, such as "Transformers" and "Mario," providing unique gaming experiences that differentiate its offerings from competitors[43].